S&P upgrades Areva unit to BB-

S&P said it reviewed its recovery and issue-level ratings for Areva subsidiary New Co that were labeled as "under criteria observation" after publishing its revised recovery ratings criteria on Dec. 7.

With its criteria review complete, the agency removed the UCO designation from these ratings, upgraded the issue rating to BB- from B+ and revised the recovery rating to 2 from 3.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.